Settings8H · net · $10k
Funding arb · Price arb /

TSM

RWAall TSM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against SunX−0.094%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.094% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX TSM-USDT437.900get 0.0000% / 8h7h 25m$2K$4.0M10x
ShortHTX TSM-USDT437.490get 0.0000% / 8h7h 25m$9K$8K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.094% → 0.000%
−$9.36
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$29.36
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 3 min ago; HTX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 3 min ago45.02 bp123.4 bp −$123doesn't fitdoesn't fitdoesn't fit
Sell HTX no order-book sample
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TSM on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TSMUSDC−0.0030%4h437.61−0.066%$47K$216K10xas long as short
BloFin TSM-USDT−0.0025%8h437.91+0.002%$45K$109K20xas long as short
Aster TSMUSDT0.0000%8h438.19+0.066%$81K$2K20xas long as short
Extended TSM-USD0.0000%1h437.76−0.032%$3K$216K10xas long as short
Binance TSMUSDT0.0000%8h437.86−0.009%$12.8M$8.2M20xas long as short
Bybit TSMUSDT0.0000%8h437.52−0.087%$2.0M$400K50xas long as short
OKX TSM-USDT-SWAP0.0000%8h437.71−0.043%$4.0M$2.7M20xas long as short
Gate TSM_USDT0.0000%8h437.64−0.059%$1.7M$1.1M100xas long as short
Bitget TSMUSDT0.0000%8h437.78−0.027%$1.8M$1.5M20xas long as short
Variational Omni TSM0.0000%8h437.66−0.054%$549K$45Kas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT TSM_USDT_Perp0.0000%8h437.83−0.017%$13K$1.3M10xas long as short
SunX TSM-USDTlong0.0000%8h437.90long leg$2K$4.0M10x
HTX TSM-USDTshort0.0000%8h437.49−0.094%$9K$8K20x
Phemex TSMUSDT0.0000%8h437.95+0.011%$1.5M$536K10xas long as short
Lighter TSM+0.0032%1h437.69−0.048%$493K$189K10xas long as short
Lighter RH TSM+0.0032%1h437.74−0.037%$194K$736K10xas long as short
Coinbase International TSM-PERP-INTX+0.0040%1h437.04−0.196%$371K$92K10xas long as short
Vest TSM-USD-PERP+0.0046%1h437.42−0.110%$2K25xas long as short
tradeXYZ xyz:TSM+0.0050%1h437.40−0.114%$10.0M$1.9M10xas long as short
Polymarket Perps TSM-USD+0.0050%1h437.49−0.094%$189K$67K10xas long as short
SoDEX TSM-USD+0.0050%1h437.36−0.123%$139$3K10xas long as short
Ondo Perps TSM-USD.P+0.0050%1h436.98−0.210%$157K$28K10xas long as short
KuCoin TSMUSDTM+0.0100%8h437.42−0.110%$265K$343K20xas long as short
Orderly PERP_TSM_USDC_mythos+0.0100%8h437.79−0.025%$2110xas long as short
Aevo TSM-PERP+0.0104%1h437.74−0.036%$12310xas long as short
Phoenix TSM+0.0145%1h437.57−0.075%$208K$10K10xas long as short
Deribit TSM_USDC-PERPETUAL+0.0184%1h437.77−0.030%$96$13K10xas long as short
Injective TSM/USDC PERP+0.0220%1h443.95+1.382%$6K$38K12xas long as short